Japan Airlines (OTCMKTS:JAPSY) Shares Gap Up - Should You Buy?

Key Points

• Shares gapped up pre-market from $7.55 to $8.175 and last traded at $8.175 with only 685 shares changing hands; the stock was reported up about 1.9%.
• Zacks Research recently downgraded Japan Airlines to a strong sell, though MarketBeat shows a consensus of Moderate Buy reflecting mixed analyst ratings (one Strong Buy, one Sell).
• Key fundamentals: market cap $6.98B and P/E 8.23; JAL reported $0.34 EPS for the quarter with analysts forecasting ~0.9 EPS for the year, and the stock trades below its 50-day ($8.42) and 200-day ($9.11) moving averages.

Japan Airlines Ltd (OTCMKTS:JAPSY - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $7.55, but opened at $8.1750. Japan Airlines shares last traded at $8.1750, with a volume of 685 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Japan Airlines from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Japan Airlines Stock Up 1.9%

The stock's 50-day moving average price is $8.42 and its 200-day moving average price is $9.11. The company has a current ratio of 1.47, a quick ratio of 1.40 and a debt-to-equity ratio of 0.57. The company has a market cap of $6.98 billion, a P/E ratio of 8.23 and a beta of 0.43.

Japan Airlines (OTCMKTS:JAPSY - Get Free Report) last announced its earnings results on Tuesday, February 3rd. The company reported $0.34 EPS for the quarter. Japan Airlines had a net margin of 6.57% and a return on equity of 10.93%. The company had revenue of $3.44 billion during the quarter. As a group, research analysts forecast that Japan Airlines Ltd will post 0.9 EPS for the current year.

Japan Airlines Company Profile

Japan Airlines OTCMKTS: JAPSY is the flag carrier of Japan, providing both scheduled passenger and cargo air transportation services. The company operates a comprehensive network of domestic and international flights, connecting major cities across Asia, Europe, North America and Oceania. In addition to its core passenger services, Japan Airlines offers charter operations, cargo logistics and maintenance support through its technical services division.

The airline’s network is centered on its primary hubs at Tokyo’s Haneda and Narita airports.

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